Company Events

One of the Market Radar screens, it shows the short reports a public company files when something happens that shareholders should know about. The formal name for that report is Form 8-K, also called a current report. This screen reproduces the ones covered companies filed in the last two weeks, plus two kinds of late filing notice.

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At a glance

• What this screen is. The filings covered companies have made in the last two weeks, newest first.
• Covered companies. The roughly one thousand names this desk selects each night. The list shifts a little from night to night.
• What one row shows. One filing by one company. The columns are named in the next section.
• Form 8-K. The form a US public company must file when something happens that shareholders should know about. It is usually due within four business days.
• Item numbers. The company itself chooses which numbered items its filing falls under. Those numbers are its own index to what happened.
• 1.01 A big new contract. The company signed a contract big enough to matter to shareholders.
• 2.02 Earnings. The company reported how much it earned. Its formal heading is results of operations and financial condition.
• 4.02 Past accounts were wrong. The company says its own past financial statements should not be relied on. This is one of the most serious things a company ever files.
• 5.02 A boss joined or left. A director or officer arrived or departed.
• 8.01 Everything else. The box a company uses for an announcement that fits no other item.
• What Ohey does with them. News sites paraphrase these filings. This screen reproduces the filer's own item list, in the filer's own words.

Key difference: on an 8-K row, the filing date is the day the paperwork arrived. The event itself can be up to four business days earlier.

Three tabs

A tab bar switches between three kinds of disclosure. A layout remembers which one you left open.

Filings

Two parts, in this order.

• Filter buttons. They only offer item types that actually appear in the last two weeks. So you can never pick one and get an empty table.
• A table, newest first. One row per filing, with four columns:
  • Company. Who filed it.
  • Filing date. The day the document was filed.
  • Form. Which form it was. Most rows are 8-K.
  • Items. The item numbers the company chose for its own filing.

Two kinds of filing carry no item numbers at all, and they still appear here. An NT 10-K or an NT 10-Q is a company giving notice that it cannot file its accounts on time. Neither carries items, so the row shows the form's own name.

Click any row and the panes that follow one company switch to that name.

The two other tabs sit beside the filings, each reproduced as published and each with its own date line.

Analyst changes

A named firm moved its grade on a covered company. The row prints the company, the date, and one sentence: which firm, from what, to what. A first grade reads "started at", a repeated one reads "kept". Covers the last forty five days, newest first.

Insider trades

A company insider reported buying or selling shares. The row prints the company, the date of the trade, the date the filing became public, and one sentence: who, bought or sold, how many shares. An officer or director is named as one. Covers the last forty five days, newest first.

• The screen. Both tabs cover the last forty five days for covered names, newest first.
• No colour, no view. An upgrade and a sale print in the same tone as everything else. The sentence states the fact and stops.
• The filter. The box above the table narrows every tab. On these two it matches the ticker, the firm or the owner.
• Key difference. Filings are what the company itself said. The other two tabs are what a firm or an insider did, reported by them.

What is deliberately not here

• No summary of what a filing says. Ohey does not read these documents on your behalf, and does not characterise them.
• No category of Ohey's own. The classification on every row is the filer's.
• No importance order. The list is by date. Less common items and the late filing notices sit here exactly as the common ones do. Nothing here ranks a filing, and nothing here tells you which ones matter.
• Item 9.01 stays, greyed out. It means financial statements and exhibits. It appears on nearly every filing and tells you nothing by itself. We show the filer's item list in full, so we leave it in and grey it out.

Real-world use

• The name moved and you want what the company itself said. Check here before you read a headline about it.
• Context on a company you are researching. Six filings in two weeks, after none in the two weeks before, is a change in tempo.

Easy mistakes to avoid

• The date is when the paperwork arrived, not when the thing happened. On an 8-K the event can be up to four business days earlier, and often is.
• The item is a category, not a verdict. Two companies filing 5.02 can be doing very different things. Only the document says which.
• 8.01 can be almost anything. It covers everything from a dividend declaration to a legal settlement.

Frequently asked questions

Why only two weeks? This screen is for what has just happened.

Do companies file every week? No. Companies do not file continuously. Two quiet weeks are common.

Does Ohey judge any of these? No. We copy out what the company filed. We never say whether it is good news or bad news.

Related panes

• Earnings Radar, when the results filing is due.
• Public Filings, what insiders, members of Congress and the large funds have disclosed about their own trading.